The cornerstone of the modern approach to money laundering is to prevent illicit funds from entering the financial system. The rationale is understandable: if criminals won’t be able to use their money, they will have to eventually stop whatever they are doing and go get a 9 to 5 job. …
Read More »KYC, Bitcoin, and the failed hopes of AML policies: Preserving individual freedom read full article at worldnews365.me
For the past decade, the abbreviations AML and KYC have become an inextricable part of our lives. To help law enforcement track illegal funds, an increasingly constraining set of anti-money-laundering measures is being implemented across the globe. For the past two decades, it has involved extensive know-your-customer obligations for financial …
Read More »Bitcoin-Only Events In Europe: A Perspective On The Community read full article at worldnews365.me
From the very first days of Bitcoin, the community was its key driving force. Even more: it was the only one. Without any marketing or PR, it was the community that helped transform the anonymous 9-page whitepaper from an obscure cypherpunk list into the functional Bitcoin software we use today. …
Read More »French Restaurant Seeks to Drive Bitcoin Adoption, Accepting Only BTC for High End Menu Item read full article at worldnews365.me
Can Bitcoin possibly rhyme with tradition? This new currency is so young and so different from the usual dollars and euros, that for most people it seems disconnected from the economic reality and even further – from their lives. Despite the fact that paying with Bitcoin is not much more …
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